NVIDIA Agrees to Acquire Hugging Face for $12.93 Billion, Promising an Open Platform

NVIDIA has agreed to acquire Hugging Face for $12.93 billion, bringing the open-model platform into the chipmaker’s portfolio while promising that it will remain open to the broader AI ecosystem. The transaction, announced on Sept. 3, is expected to close in the first half of 2027 if customary conditions and regulatory approvals are satisfied.